Those Confusing Supplemental Tax Bills
June 23, 2009
In the State of California, supplemental property tax bills have been levied since 1983. The supplemental Real Property Tax Law was signed by the Governor in July 1983 and was part of the effort to aid California schools. What it did was changed the reassessment value date from the standard yearly date to the date when a property was sold or was significantly remodeled or improvements such as pools added.
The supplemental tax bill becomes effective on the first day of the month following the change of ownership or new construction. If the effective date is July 1, then there will be no supplemental assessment on the current tax roll and the entire supplemental assessment will be made to the tax roll being prepared for the next tax year. If the effective date is not July 1, the assessor has a table of factors used to compute the supplemental assessment.
The billing of these taxes is somewhat erratic. Your bill may come within three weeks or over six months. They have even been known to be a year late. These taxes can be paid in two installments just as your regular property taxes. However, the payment dates are different. When you receive a notice of property taxes due, it is important to read it carefully. New home buyers have often believed that these taxes were paid trough escrow when they purchased the property. Not so since the bills are not prepared by the county assessor's office until the deeds have been recorded.
People have often been shocked to receive a notice that they owe delinquent taxes. The unfortunate thing about not knowing that the supplemental bill is different than the annual bill is that as these taxes remain unpaid, they accumulate penalties and interest and can become sizable liens.
You can go to the county assessor's web site and check out the property tax history if you are unsure about the status of your property taxes.
In the State of California, supplemental property tax bills have been levied since 1983. The supplemental Real Property Tax Law was signed by the Governor in July 1983 and was part of the effort to aid California schools. What it did was changed the reassessment value date from the standard yearly date to the date when a property was sold or was significantly remodeled or improvements such as pools added.
The supplemental tax bill becomes effective on the first day of the month following the change of ownership or new construction. If the effective date is July 1, then there will be no supplemental assessment on the current tax roll and the entire supplemental assessment will be made to the tax roll being prepared for the next tax year. If the effective date is not July 1, the assessor has a table of factors used to compute the supplemental assessment.
The billing of these taxes is somewhat erratic. Your bill may come within three weeks or over six months. They have even been known to be a year late. These taxes can be paid in two installments just as your regular property taxes. However, the payment dates are different. When you receive a notice of property taxes due, it is important to read it carefully. New home buyers have often believed that these taxes were paid trough escrow when they purchased the property. Not so since the bills are not prepared by the county assessor's office until the deeds have been recorded.
People have often been shocked to receive a notice that they owe delinquent taxes. The unfortunate thing about not knowing that the supplemental bill is different than the annual bill is that as these taxes remain unpaid, they accumulate penalties and interest and can become sizable liens.
You can go to the county assessor's web site and check out the property tax history if you are unsure about the status of your property taxes.
posted by shirley harry at 8:53 AM
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